BP third quarter profit slumps to $2.3 billion as oil demand sags
By Ron Bousso LONDON (Reuters) – BP (NYSE:BP) on Tuesday reported higher-than-expected third quarter profits of $2.3 billion, their lowest in almost four years, weighed down by a drop in refining profits and weaker oil trading. The 30% drop in…
Santander books record quarterly profit on retail unit, delays UK results
By Jesús Aguado MADRID (Reuters) -Santander booked a record net profit in the third quarter thanks to a solid performance at its main retail business in a set of earnings overshadowed by a British court ruling affecting motor finance brokers….
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
By Kevin Buckland TOKYO (Reuters) -Asian stocks were broadly mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet (NASDAQ:GOOGL) later in the day….
Philips cuts annual sales outlook as China demand deteriorates
By Bart H. Meijer AMSTERDAM (Reuters) -Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook for the year. “In the (third) quarter, demand from hospitals…
Philips cuts outlook as China demand slumps, Q3 revenue misses estimates
Investing.com — Philips (AS:PHG) reported third-quarter results that posted a revenue miss and a revised outlook, primarily due to weaker demand in China. Revenues missed consensus by 3%, and order intake fell by 2% after a strong prior quarter. While…
Analysis-Bricks over clicks as shops come back into fashion in Europe
By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting doubt over the future of retail malls and high streets, but in Europe there are signs that shops are…